Perry Ellis net income grow $8.9mn for quarter ended April 30, 05
24 May '05
3 min read
A leading men's & women's apparel & accessory designer, distributor and licensor company Perry Ellis reports for Q1 2005.
Perry Ellis International Inc reported record total revenue for the first quarter ended April 30, 2005 of $225.6 million, an increase of $28.2 million or 14.3% over the $197.4 million reported for the first quarter ended April 30, 2004.
Net income grew to $8.9 million for the quarter ended April 30, 2005, an increase of $686,000 or 8.4% over the same quarter last year. Earnings per fully diluted share for the quarter ended April 30, 2005 were $0.89 which were equal to diluted earnings per share for the first quarter in the prior year.
Earnings per diluted share for the most recent quarter, however, included a 9% increase in weighted average shares outstanding due to the Company's stock offering in May 2004.
The Company confirmed its previously announced fiscal 2006 guidance with total revenues expected to be in the range of approximately $890 to $910 million and diluted earnings per share to be approximately $2.25 to $2.35.
George Feldenkreis, chairman and chief executive officer, stated: "They are delighted to have delivered the strongest revenue quarter in the history of the Company to our shareholders.
Our strong portfolio of brands and diverse customer base continues to position the company for growth. The integration of the Tropical Sportswear business is proceeding as planned, making Perry Ellis International even more important to the retail customers in both the tops and bottoms categories. They see tremendous opportunities for several of our brands in the current retail environment."
marketing@alchempro.com
